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ACCOUNTS AND NOTES RECEIVABLE, NET
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
ACCOUNTS AND NOTES RECEIVABLE, NET ACCOUNTS AND NOTES RECEIVABLE, NET
Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses by applying historical loss percentages, combined with reasonable and supportable forecasts of future losses, to respective aging categories. Management considers the following factors in developing its current estimate of expected credit losses: customer credit-worthiness, past transaction history with the customer, current economic industry trends, changes in market or regulatory matters, changes in geopolitical matters, and changes in customer payment terms, as well as other macroeconomic factors.
Year Ended December 31,
20242023
Accounts receivable—trade, net (1)
$1,015 $1,043 
Notes receivable92 79 
Other (2)
141 138 
Total$1,248 $1,260 
(1)Allowance for doubtful accounts was $25 million at December 31, 2024 and 2023.
(2)Includes $29 million and $36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6.
Bad debt expenses of $9 million, $5 million and $6 million was included within selling, general and administrative expenses and other operating charges for the years ended December 31, 2024, 2023 and 2022, respectively.